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hi everyone in this video were going to learn about some financial statement analysis and specifically how to analyze your inventory all right first up inventory turnover ratio notice the equation down here at the bottom inventory inventory turnover ratio equals the cost of goods sold an income state number statement number divided by average inventory your beginning plus ending balance sheet inventory divided by two okay what does this tell us about a company if we take the cost of goods sold an income statement number and divide it by the average inventory we report on our balance sheet at any given time well it requires you to think about what exactly does cost of goods sold represent cost of goods sold is essentially the summation of all of the inventory that you have sold throughout a given period right so every sale you make youre going to debit cost of goods sold for the value of that inventory and so you might make a sale at the beginning of the period a sale in the middle o
